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John invested 12 dollars in a bank account , the interest rate 16%
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John invested 12 dollars in a bank account , the interest rate 16%

User Ophelia
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Formula is I=PRT, where I is interest, P is original amount, R is rate, and T is time.

You’ve given me only R and P. At least three variables need to be defined in order to solve.
User Daniel Mylian
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